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jacobosiason7

Massive Falling Wedge Headed Into Earnings

Long
Lithium Americas Corp. (NYSE:LAC)  
jacobosiason7  
NYSE:LAC   Lithium Americas Corp.
Trend Analysis Chart Patterns Technical Indicators supply_and_demand support_and_resistance earningsplay falling_wedge Bullish Patterns breakout harmonic_patterns swing oversold
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trendanalysis chartpattern indicator supply_and_demand support_and_resistance earningsplay falling_wedge bullish breakout harmonic_patterns swing oversold
Always keep an eye on LAC, however, I've never seen it hold within a falling wedge for as long as it has, while heading into earnings. LAC is still holding the same massive falling wedge on the daily and weekly timeframes. LAC has a nice double bottom and MACD golden cross on the daily timeframe, accompanied by a bullish cypher harmonic pattern. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description --

PT1- $20.81
PT2- $21.67
PT3- $22.54
PT4- $23.78

--Weekly Timeframe--
LAC- Falling Wedge - Weekly

-- Previously Charted--
snapshot
snapshot

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